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Property profile

De Soto Dr Sanford, FL 32771

OFF-MARKET
Mixed-use properties
1 SF 0.6 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 0.6-acre parcel located at 0 De Soto Drive, Sanford, Florida, presents a unique investment opportunity in a thriving market. Currently zoned GC2, this property offers significant flexibility for future development. Its current use as a parking lot provides immediate income potential, while the zoning allows for a variety of development options. Prospective buyers can explore the possibility of constructing 3-4 single-family homes, 3-4 townhomes, or 2 duplexes, catering to diverse housing demands. Alternatively, the property could be maintained under its current GC2 zoning, continuing its use as a parking lot or exploring other compatible commercial ventures. The property's location within the rapidly growing city of Sanford ensures strong potential for appreciation and return on investment. Detailed zoning information and development possibilities should be verified independently through the City of Sanford. This is a prime opportunity for developers and investors seeking a versatile and strategically located property in a dynamic Florida market. The asking price is $175,000. The property's size is listed as 1 square foot, however, the acreage is confirmed as 0.6 acres. All interested parties are strongly encouraged to conduct their own due diligence regarding zoning regulations, development permits, and all other relevant factors before making an offer.

Property profile

Verified
Property type Mixed-use properties
Year built 2024
Total area 1 SF
Lot 0.6 ac (26,136 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

De Soto Dr Sanford, FL 32771
Sanford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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